Job seekers looking for new work face longer searches, layoffs from major firms like Walmart, and pressure to accept lower pay|Lyncconf Games|CC BY 2.0
Companies are calling back former employees, also called boomerang workers, according to an ADP analysis.
Data show that 35% of new hires in March were once working at the same organization, compared to 31% a year ago. The trend is more prominent, particularly in the tech and media sectors.
The practice is a complete contrast to 2022, when workers quit in droves during the Great Resignation. ADP links the trend to reduced hiring activity.
Employers are also shifting strategies. Companies are becoming more cautious about who they hire and are increasingly choosing familiar faces.
Former employees often onboard more quickly and fit into company culture more easily, giving them a competitive edge.
Meanwhile, job seekers looking for new work face longer searches, layoffs from major firms like Walmart, and pressure to accept lower pay.
The takeaway? Leaving a job on good terms can lead to future opportunities.